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Cosmetics Stocks to Watch for Earnings on May 10: COTY, ELF
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The Q1 earnings season has so far portrayed strong growth, in fact the highest in many years. As we near the end of the season, only 18% of the S&P 500 companies are yet to report their quarterly results. Notably, greater portion of the companies have come out with positive surprises.
As per the latest Earnings Preview report of May 5, earnings of total S&P 500 companies are expected to improve 12.7% with revenues increasing 6.2%, from the year-ago period. The report further suggests that of the 412 S&P 500 companies who have come up with their quarterly numbers, approximately 73.3% reported positive earnings surprise, while 67.7% beat top-line estimates. Notably, the earnings of the companies that have reported so far are up by 14.2% from the year-ago period while revenues increased 7.3%.
The performance of the index is not restricted to a single sector and out of the 16 Zacks sectors three are anticipated to witness a decline in earnings this season with Transportation and Autos likely to be the major drags.Consumer Staples sector, which is placed at the bottom 19% of the Zacks Classified sectors (13 out of 16), is displaying strength with total earnings expected to advance 4.4% and revenue projected to increase 4%.
As of May 5, 75% of the S&P 500 companies in the Consumer Staples sector have reported their results. Out of these, 66.7% companies have posted an earnings beat, while 29.2% surpassed revenue estimates. Cosmetic stocks form part of the Consumer Staples sector.
With these factors in mind, let’s see what awaits the following cosmetic stocks that are scheduled to release earnings results on May 10.
Coty Inc. (COTY - Free Report) a renowned beauty products manufacturing firm, is slated to report third-quarter fiscal 2017 earnings before the stock market opens. The company carries a Zacks Rank #3 (Hold) and has an earnings ESP of +25.00% as the Most Accurate Estimate of 15 cents is pegged higher than the Zacks Consensus Estimate of 12 cents.
Our proven model shows that Coty is likely to beat earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for this to happen. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Now, let’s take a sneak peek at E.L.F. BEAUTY, INC. (ELF - Free Report) a multinational brand which manufactures luxurious beauty products for women. It is slated to report first-quarter earnings after the market closes.
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise
The Most Accurate Estimate stands at 5 cents and the Zacks Consensus Estimate is pegged at 4 cents. So the ensuing +25.00% ESP and the company’s Zacks Rank #2 makes us reasonably confident of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Cosmetics Stocks to Watch for Earnings on May 10: COTY, ELF
The Q1 earnings season has so far portrayed strong growth, in fact the highest in many years. As we near the end of the season, only 18% of the S&P 500 companies are yet to report their quarterly results. Notably, greater portion of the companies have come out with positive surprises.
As per the latest Earnings Preview report of May 5, earnings of total S&P 500 companies are expected to improve 12.7% with revenues increasing 6.2%, from the year-ago period. The report further suggests that of the 412 S&P 500 companies who have come up with their quarterly numbers, approximately 73.3% reported positive earnings surprise, while 67.7% beat top-line estimates. Notably, the earnings of the companies that have reported so far are up by 14.2% from the year-ago period while revenues increased 7.3%.
The performance of the index is not restricted to a single sector and out of the 16 Zacks sectors three are anticipated to witness a decline in earnings this season with Transportation and Autos likely to be the major drags.Consumer Staples sector, which is placed at the bottom 19% of the Zacks Classified sectors (13 out of 16), is displaying strength with total earnings expected to advance 4.4% and revenue projected to increase 4%.
As of May 5, 75% of the S&P 500 companies in the Consumer Staples sector have reported their results. Out of these, 66.7% companies have posted an earnings beat, while 29.2% surpassed revenue estimates. Cosmetic stocks form part of the Consumer Staples sector.
With these factors in mind, let’s see what awaits the following cosmetic stocks that are scheduled to release earnings results on May 10.
Coty Inc. (COTY - Free Report) a renowned beauty products manufacturing firm, is slated to report third-quarter fiscal 2017 earnings before the stock market opens. The company carries a Zacks Rank #3 (Hold) and has an earnings ESP of +25.00% as the Most Accurate Estimate of 15 cents is pegged higher than the Zacks Consensus Estimate of 12 cents.
Coty Inc. Price, Consensus and EPS Surprise
Coty Inc. Price, Consensus and EPS Surprise | Coty Inc. Quote
Our proven model shows that Coty is likely to beat earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for this to happen. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Now, let’s take a sneak peek at E.L.F. BEAUTY, INC. (ELF - Free Report) a multinational brand which manufactures luxurious beauty products for women. It is slated to report first-quarter earnings after the market closes.
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise
e.l.f. Beauty Inc. Price, Consensus and EPS Surprise | e.l.f. Beauty Inc. Quote
The Most Accurate Estimate stands at 5 cents and the Zacks Consensus Estimate is pegged at 4 cents. So the ensuing +25.00% ESP and the company’s Zacks Rank #2 makes us reasonably confident of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>.